HLT · May 20, 2026NYSEHLTCoverage Bootstrap

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HLT: Hilton has the asset-light hotel machine, but leverage and travel demand still set the risk

Hilton reported FY2025 revenue of $12.0 billion, operating income of $2.7 billion, net income of $1.5 billion and Q1 2026 revenue of $2.9 billion. The thesis depends on travel demand, franchise and management fees, development pipeline execution, capital-light cash conversion and leverage discipline.

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Hilton reported FY2025 revenue of $12.0 billion, operating income of $2.7 billion, net income of $1.5 billion and Q1 2026 revenue of $2.9 billion. The thesis depends on travel demand, franchise and management fees, development pipeline execution, capital-light cash conversion and leverage discipline.

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SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, ticker, exchange and CIK.SEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and document accessions.SEC APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement facts and XBRL cross-checks.SEC filingFY2025 Form 10-K filed February 11, 2026Retrieved 2026-05-20 · Annual business, risk and financial disclosure.SEC filingForm 10-Q filed April 28, 2026Retrieved 2026-05-20 · Latest interim financial statements.SEC filingForm 8-K filed May 18, 2026Retrieved 2026-05-20 · Current-report and earnings context.SEC filingDEF 14A filed April 2, 2026Retrieved 2026-05-20 · Governance, board and incentive framing.